Singapore, Malaysia energy regulators renew MOU for bilateral collaboration
Renewable energy projects, cross-border electricity trade can get boost from agreement
Singapore's Energy Market Authority (EMA) and Malaysia's Energy Commission renewed a memorandum of understanding (MOU) on October 26 to strengthen bilateral collaboration in the energy sector. The agreement, first signed in 2020, aims to boost renewable energy projects, cross-border electricity trade, and regional power grid links.
EMA CEO Puah Kok Keong said that closer collaboration could "facilitate greater renewable electricity trade, support investments in renewable energy projects and advance a more interconnected regional power system". The MOU will also cover the planning and reliability of electricity and piped gas systems, regulation of wholesale and retail electricity markets, and strengthening cooperation on solar and energy storage systems.
Malaysia's Energy Commission CEO Siti Safinah Salleh added that the renewal reflects "the strong and constructive partnership in advancing regional energy cooperation" between the two countries' regulators. The bilateral agreement was renewed during the 19th Singapore International Energy Week, which comes at a time when energy security is a top priority.
Singapore's Minister for Energy, Trade and Industry Tan See Leng cautioned against supply disruptions due to "resource nationalism", as Indonesia had recently cut some natural gas exports to Singapore.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
